317 THIRD Ave, New Westminster, BC V3L1M5
- Sqft
- 21,619
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Carlton Court is a well-maintained 26-suite apartment building in the highly sought-after Queen's Park neighbourhood of New Westminster. Built in 1925, this heritage property offers strong in-place income with significant upside potential. The property generates approximately $37,300 per month with a 5.53% cap rate and clear opportunity for growth as rents are brought toward market levels, with increases already implemented effective June 1, 2026. The suite mix includes 21 one-bedroom units, 1 two-bedroom unit, and 4 bachelor units, with all tenancies on a month-to-month basis and consistently low vacancy. A new boiler system (2025) qualifies for RTB-approved rent recovery and is expected to significantly reduce heating expenses, enhancing overall operating efficiency. Features include hardwood flooring, a central courtyard, on-site laundry, storage, and 13 enclosed garages. (id:58180)
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 21,619
- Lot size (acres)
- 0.55
- Year built
- 1925
Exterior features
- Horse amenities
- Stable
Utilities
- Sewer
- Sewer
Taxes
- Tax Annual Amount (2025)
- $44,694
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Canadian Real Estate Association MLS®#: C8077829 Last checked: …
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